Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Douglas Emmett, Inc. (NYSE:DEI) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,181 shares of the real estate investment trust’s stock after selling 1,749 shares during the quarter. Amalgamated Bank’s holdings in Douglas Emmett were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Douglas Emmett by 10.0% during the third quarter. Van ECK Associates Corp now owns 30,917 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 2,798 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Douglas Emmett by 12.8% during the 3rd quarter. New York State Teachers Retirement System now owns 105,376 shares of the real estate investment trust’s stock worth $1,851,000 after purchasing an additional 11,976 shares during the last quarter. abrdn plc increased its holdings in Douglas Emmett by 10.5% during the 3rd quarter. abrdn plc now owns 32,366 shares of the real estate investment trust’s stock worth $569,000 after purchasing an additional 3,088 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Douglas Emmett by 2.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 76,565 shares of the real estate investment trust’s stock valued at $1,361,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Douglas Emmett by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,677 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on DEI shares. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Piper Sandler upped their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $16.00 to $21.00 in a report on Thursday. Finally, Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.43.

Douglas Emmett Trading Up 2.1 %

Shares of NYSE DEI opened at $18.48 on Friday. Douglas Emmett, Inc. has a 12-month low of $11.08 and a 12-month high of $19.59. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -184.00 and a beta of 1.10. The company has a current ratio of 4.09, a quick ratio of 5.11 and a debt-to-equity ratio of 1.51. The stock’s 50 day simple moving average is $17.68 and its 200 day simple moving average is $15.50.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities research analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Douglas Emmett Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.